Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Operating from West Perth, Australia, Lunnon Metals Limited is an Australian company dedicated to the exploration and development of nickel and gold deposits. Formed in 2014, the company's primary asset is its complete ownership of the Kambalda Nickel project. This project consists of 19 interconnected mining tenements, spanning an area of 23 square kilometers, within the Kambalda Nickel District in Western Australia's Eastern Goldfields region. The company rebranded to Lunnon Metals Limited in February 2021, having previously been known as ACH Nickel Pty Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E.